United Bankshares, Inc. (NASDAQ:UBSI) Given Consensus Rating of “Moderate Buy” by Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.75.

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded United Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James Financial reissued an “outperform” rating and issued a $49.00 price objective on shares of United Bankshares in a research note on Monday, April 27th. Finally, Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th.

Institutional Trading of United Bankshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBSI. Ritholtz Wealth Management boosted its position in United Bankshares by 2.6% in the fourth quarter. Ritholtz Wealth Management now owns 9,216 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 237 shares during the last quarter. Inspire Investing LLC boosted its position in United Bankshares by 2.0% in the first quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 245 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in United Bankshares by 24.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 292 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in United Bankshares by 1.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 297 shares during the last quarter. Finally, Root Financial Partners LLC boosted its position in United Bankshares by 64.4% in the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares during the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Up 0.4%

Shares of NASDAQ:UBSI opened at $45.05 on Wednesday. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.62 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $43.52 and its 200-day moving average is $41.78. United Bankshares has a 1 year low of $34.10 and a 1 year high of $46.08.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $316.58 million for the quarter, compared to the consensus estimate of $315.15 million. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.During the same period in the previous year, the business earned $0.59 EPS. Equities research analysts predict that United Bankshares will post 3.64 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s payout ratio is currently 42.58%.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.